# The General Industrial Workers Union of South Africa is demanding the South African Reserve Bank slash interest rates to align with the current inflation rate of 3.2-percent. SARB’s Monetary Policy Committee will announce its interest rates decision today. GIWUSA president, Mametlwe Sebei, says the primary purpose of interest rates must be to protect the real […]
# ArcelorMittal South Africa sê hy beraadslaag met rolspelers, insluitend die regering, oor fondse wat die beplande sluiting van sy langstaalbedrywighede kan uitstel. Die staalmaker het aangekondig hy gaan teen April vanjaar langstaalvervaardiging by sy meulens in Newcastle en Vereeniging sluit. Dit sal drie-duisend-500 regstreekse en onregstreekse werksgeleenthede raak. Die maatskappy se langstaal-bedryfsverlies het verdubbel van […]
# ArcelorMittal South Africa says it is engaging with stakeholders, including the government, regarding funding that could delay the planned closure of its long steel operations. The steelmaker announced that it will cease long steel production of its mills in Newcastle and Vereeniging by April this year, impacting three-thousand-500 direct and indirect jobs. The company’s longs […]
# Die Portefeuljekomitee oor Samewerkende Regering en Tradisionele Sake het munisipaliteite versoek om hul ooreenkomste met Rand Water na te kom te midde van skuld ter waarde van meer as agt-miljard-rand. Rand Water het kwessies soos onwettige verbindings, skade aan infrastruktuur en wanbetaling uitgelig, wat gelei het tot finansiële druk. Die komitee bepleit verbeterde interregeringsverhoudinge […]
# The Portfolio Committee on Cooperative Governance and Traditional Affairs has urged municipalities to honor agreements with Rand Water amid an over eight-billion-rand debt. Rand Water highlighted issues like illegal connections, infrastructure damage, and non-payment, leading to financial strain. The committee called for improved intergovernmental relations, and partnerships for infrastructure upgrades, to prevent water supply […]
# Everest Wealth sê die Suid-Afrikaanse Rerserwebank gaan waarskynlik nie vandag die rentekoers verander nie. Die rentekoers mag onveranderd bly of net met 25 basispunte verlaag word, met geen beduidende verlagings wat vir eers verwag word nie. Dit volg na kommer oor inflasierisiko’s, met sommige lede van die Monetêre Beleidskomitee wat geen verandering voorstaan nie. […]
# Everest Wealth says the South African Reserve Bank is likely to pause interest rate cuts in today’s announcement. The interest rate may remain unchanged or be lowered by just 25 basis points, with no significant cuts expected for now. This follows concerns over inflation risks, with some members of the Monetary Policy Committee favouring […]
# Die uitvoerende hoof van die Padongelukkefonds, Collins Letsoalo, sê ‘n tegniese oplossing is nodig om die ouditeur-generaal se kommer oor rekeningkundige standaarde aan te spreek. Die Padongelukkefonds het in 2020/21 ‘n vrywaringsouditmening gekry nadat Internasionale Openbare Sektor Rekenkundige Standaarde gebruik is, maar wat die AG as onvoldoende beskou het. Letsoalo het aan Newzroom Afrika […]
# Road Accident Fund CEO Collins Letsoalo says a technical solution is needed to address concerns raised by the Auditor-General over accounting standards. The RAF received a disclaimer audit opinion in 2020/21 after using International Public Sector Accounting Standards, which the AG deemed inappropriate. He emphasises to Newzroom Afrika the need for a revised approach […]
